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Spruce Point Shorts Realty Income Corp

New York-based activist Spruce Point Capital announced a short bet against Realty Income Corp today. The full text of the release is below: “Spruce Point Capital Management is pleased to announce it has released the contents of a unique research report on Realty Income Corp. (NYSE: O, "O Realty" or "the Company"). Spruce Point has conducted a critical business and financial review and believe Realty Income is overstating its same store rent metrics to portray itself as a healthy, growing enterprise. Based on our industry normalized approach, which includes vacancies, we believe that Realty Income is in fact declining organically. We...